The Escuela de Graduados en Administración y Dirección de Empresas (EGADE) was founded in 1995 to take over the graduate business programmes at Tecnológico de Monterrey (or ITESM), one of Mexico's largest universities, with campuses throughout the country. EGADE is generally reckoned to be the best graduate business school in Latin America. In 1995 the school offered one academic programme. It now offers six masters' courses, a PhD, two post-masters' certificates and other top management programmes, which together teach more than 1,400 business executives in Mexico, Central and South America, North America and Europe every year. EGADE has 77 full-time faculty, 1,100 graduate students, an alumni network of over 5,600, and strong ties with businesses and institutions. It accepts the GMAT but also administers its own admissions test, the Prueba de Admisión para Estudios de Posgrado (PAEP).